Archives - 05 April 2013, Friday

The Sweeneys tell the story of–you guessed it–a baby-sitting co-op, one to which they belonged in the early 1970s. Such co-ops are quite common: A group of people (in this case about 150 young couples with congressional connections) agrees to baby-sit for one another, obviating the ne...

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Taxation: How do governments collect taxes on transactions in Bitcoin? The answer is they don't, and they can't. Crypto-currency's strong protections on anonymity make it impossible for any state to know who is buying what, who is paying whom, who earns what, and who has what in savin...

Maybe it’s a sign of the Bitcoin bubble. Criminals are trying to take control of PCs and turn them into Bitcoin miners. According to antivirus seller Kaspersky Lab , there’s a new Trojan — spotted just yesterday and spreading via Skype — that takes control of infected machines and for...

Apart from being an easy target due to its size, profit is most likely the primary motive for the attack, the company added. “Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for t...

Flickr / zcopley Ken Tindell Ken Tindell is the CEO of JK Energy, a software consultancy startup. He has a doctorate in real-time systems from the University of York and has been involved in technology startups in various industries including automotive, embedded internet, authenticat...

The currency is bitcoin , a kind of cyber-money initially traded among hackers and cryptologists, and increasingly traded on Web sites and exchanged for goods and services. Two years ago, one bitcoin was worth less than $1. Two months ago, the price for one unit surged above $20 on a ...

“[Apple's] ‘cool factor’ is clearly waning, they’re products are overpriced, and now they’re indifferent, even hostile, to customer who regularly spend tens of thousands of dollars on their products. Can they really be thinking that the best product is the one that you replace really ...

Bitcoin wallet service Coinbase has publicly, and presumably accidentally, exposed information about its users' names, e-mail addresses, and details of their transactions on the Coinbase website. The exposed e-mail addresses have become the target of phishing attacks. Update: Coinbase...

Financial brinksmanship in the Eastern Mediterranean seems an unlikely way for an obscure yet infamous virtual currency to become a household word, but that's what happened with the bitcoin. Over the last few weeks, bank turmoil in Cyprus and a frenzy of attention from the media have ...

Flickr / dekstop See Also 10 Discontinued Products That We Still Miss Dearly Here Are Some Mockups Of What The Rumored Budget iPhone Could Look Like 10 Shopping Tricks To Make You An Amazon Ninja You've probably noticed people talking and tweeting endlessly about "Bitcoin" lately. The...

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With Bitcoin enjoying a spike in price against government currencies, there is lots of talk about it on the Interwebs. If you’re not familiar with it yet, here’s a good Bitcoin primer , which also counsels reading a lot more before you acquire Bitcoin, as Bitcoin may fail. If you like...

The soaring value of crypto-currency Bitcoin stuttered slightly last night - after a main exchange for the currency was flooded with network traffic and Bitcoin wallet site Instawallet was suspended. Mt Gox, the most popular Bitcoin exchange, blamed an ongoing distributed denial-of-se...

Dumb-as-a-post Bitcoin-mining malware has appeared – bringing further proof that the virtual currency's hyperbolic trajectory is attracting the sort of late-to-the-party shady speculator that telegraphs a jarring fall. The malware is currently spreading through a wide-ranging link poi...

Bitcoin prices plummet following Mt. Gox outage & Instawallet hacking the price of bitcoin has been on a tear, with prices surging from $100 a few days ago to $147 earlier today. but an outage of the largest bitcoin market and an unrelated bitcoin hacking incident have knocked the pri...

Bitcoin is out of control. The total size of the crypto-currency market cracked $1 billion on March 30, a five-fold increase since the beginning of the year. That’s an impressive feat for a currency that is "mined" by doing math and guaranteed by no government on earth. The question n...

On top of news that Bitcoin digital wallets were causing security headaches for customers, a new piece of malware spread through Skype might be using your computer to mine Bitcoins. Russian security firm Kaspersky Lab revealed the malware in a blog post yesterday, saying the virus onl...

First there was Tulip Mania. Then there was the dotcom craze. And let's not forget the run-up in housing prices. The newest bubble on the block is in Bitcoins, a 4-year-old virtual currency that has already increased ten-fold this year. And like all other bubbles, this probably won't ...

Interest in bitcoins has reached fever pitch around the world in the last month, helping the price soar to an all-time high earlier this week. But there's one euro zone country that's firmly tuned into the zeitgeist more so than even the U.S. or Japan. According to Google Trends, Finl...

Re: Just don't let the ecologists... The destruction caused by bitcoin mining is miniscule in comparison to the destruction fiat currencies cause. Fiat money underpins the current system wherein one is hard-pressed to find dividing lines between corporations, militaries, media, and go...

Two years ago, one bitcoin was worth less than $1. Two months ago, the price for one unit surged above $20 on a proliferation of cyber-exchanges from Tokyo to Moscow. A sudden burst of new interest sent its value soaring to a record $147 on Wednesday. . . Some call it the purest form ...

"Is Bitcoin legal? Can it be enforced in any jurisdiction? Because no law anywhere in the world has been enacted which directly impacts Bitcoins, more significantly, in which jurisdiction will a dispute arise should there be a dispute pertaining to payments made to Bitcoin? And who is...

Users of Coinbase, a Silicon Valley-funded startup that offers some Bitcoin banking services, have become the target of phishing attacks. The booming virtual currency has grown into an increasingly appealing target for hackers , soaring from a valuation of around $13 each at the begin...

Today, Bitcoin is the wild, wild West. But the sheriff is coming to town, and just like in the Old West, we'll see even more value creation once the law, the railroad and the homesteaders get here. For those who are not familiar with Bitcoin, it is a cryptography-based, decentralized,...

That is why gold has been so much in demand during the financial crisis – and popular with shrewd sceptics in the years before. The clarion call of those "gold bugs", shrill in normal times, sounds more reasonable in the "new normal" – the age of unrestrained money printing and financ...